‘‘I advise that following discussion with the management of the company that employees will not have their employment terminated,’’ liquidator Tony Matthews said.

‘‘I have had discussions with Troy Palmer, a director of the company, who advises me that it is management’s intention to fund the liquidator to meet trading and other expenses to enable the company to continue to trade and pay all creditors to the company in full.’’

The Federal Court yesterday ordered the company into liquidation over a debt of about $17,000 to WorkCover South Australia.

Mr Tinkler and his right-hand man, Hunter Sports Group chief executive Mr Palmer, are the directors of the company.

Fairfax Media understands Mr Palmer is in the Hunter Valley, at the Sandy Hollow property.

It is understood the company – one of a dozen entities forming part of the Patinack empire – has a $4 million tax bill.

Late yesterday afternoon Patinack Farm Administration settled the $17,000 debt owed to WorkCover South Australia, with a Tinkler Group spokesman describing the situation as an ‘‘administration error’’.

The spokesman said a $163,000 debt owed to Queensland Workcover had also been paid, but the Newcastle Herald has been unable to confirm this.